Shared by
beno
Fundamentals
New company focused on long term growth in space exploration, no revenues, pure speculation.
Catalysts / News / Painting the picture
-Up swing fueled by below Dec 10 2019 Morgan Stanley comments:
-Morgan Stanley Bullish On Virgin Galactic, Says Space Tourism Is Incubator For Hypersonic Travel
-SPCE has caught the eyes of many traders lately, also been in the news as the stock to beat TSLA's run
-Moving with market lately
Technical Analysis
-Intraday pattern: Consolidation
-Levels: 14.50, 15, 15.50, 16.50, 17, 17.50
Original Plan / Strategy
First test short of 15.60 by 15.70 technical level
Review
My trade of the day, scaled in to full size and added another lot in the high 15.60's because SPY was down trending. Used the market trend to get bigger in my trade
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-24 14:15:44 | SPCE | sell | $15.550 | short |
| 2020-03-24 14:16:13 | SPCE | sell | $15.590 | short |
| 2020-03-24 14:16:16 | SPCE | sell | $15.620 | short |
| 2020-03-24 14:17:04 | SPCE | sell | $15.650 | short |
| 2020-03-24 14:18:02 | SPCE | sell | $15.660 | short |
| 2020-03-24 14:19:00 | SPCE | buy | $15.530 | short |
| 2020-03-24 14:19:23 | SPCE | buy | $15.490 | short |
| 2020-03-24 14:19:44 | SPCE | buy | $15.420 | short |
| 2020-03-24 14:20:24 | SPCE | buy | $15.467 | short |
| 2020-03-24 14:20:48 | SPCE | buy | $15.470 | short |
| 2020-03-24 14:20:55 | SPCE | buy | $15.470 | short |
| 2020-03-24 14:21:10 | SPCE | buy | $15.477 | short |
| 2020-03-24 14:21:43 | SPCE | buy | $15.430 | short |
| 2020-03-24 14:22:02 | SPCE | buy | $15.510 | short |
| 2020-03-24 14:22:34 | SPCE | buy | $15.490 | 0 |
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